Solution-Prepare statement of cash flows

Prepare statement of cash flows

Reference no: EM132749343

Question - The accounting staff of Wyoming Outfitters, Inc., has assembled the following information for the year ended December 31, 2011:

Cash and cash equivalents, Jan. 1 $35,800

Cash and cash equivalents, Dec. 31 74,800

Cash paid to acquire plant assets 21,000

Proceeds from short-term borrowing 10,000

Loans made to borrowers 5,000

Collections on loans (excluding interest) 4,000

Interest and dividends received 27,000

Cash received from customers 795,000

Proceeds from sales of plant assets 9,000

Dividends paid 55,000

Cash paid to suppliers and employees 635,000

Interest paid 19,000

Income taxes paid 71,000

Required - Using this information, prepare statement of cash flows. Include a proper heading for the financial statement, and classify the given information into the categories of operating activities, investing?

Reference no: EM132749343

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Prepare statement of cash flows

Reference no: EM132749343

Reference no: EM132749343

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